Monthly Rent Report
ZIP 60406 Rent Report — August 2022
Asking rents in ZIP 60406, Chicago, from 4 listings.
Median 1BR rent in ZIP 60406 was $965 in August 2022, down 12.3% (−$135) from July 2022 and up 25.3% year-over-year. The middle half of 1BR listings asked between $965 and $965. That puts ZIP 60406 $330 below the Chicago citywide 1BR median of $1,295. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $965 | −$135 (-12.3%) | +$195 (+25.3%) | $965 – $965 | 1 |
| 2BR | $1,075 | −$175 (-14.0%) | +$75 (+7.5%) | $1,075 – $1,075 | 1 |
| 3BR | $1,375 | — | +$75 (+5.7%) | $1,362 – $1,387 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
ZIP 60406 vs. Chicago — August 2022
| Bedrooms | ZIP 60406 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $965 | $1,295 | −$330 (-25.5%) |
| 2BR | $1,075 | $1,795 | −$720 (-40.1%) |
| 3BR | $1,375 | $2,250 | −$875 (-38.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.